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Miami firm Related Development gets $52 million loan for Tampa luxury apartments

 Related Development LLC, a Miami-based company, was approved for a $52 million loan to build a luxury apartment tower in the Westshore Marina District. [Courtesy of BTI Partners]

Related Development LLC, a Miami-based company, was approved for a $52 million loan to build a luxury apartment tower in the Westshore Marina District. [Courtesy of BTI Partners]

TAMPA — Related Development LLC, a Miami-based company, was approved for a $52 million loan to build a luxury apartment tower in the Westshore Marina District.

"We've done our homework and are confident the property and its central location will resonate with Tampa and St. Pete's growing base of renters," Steve Patterson, CEO of Related Development, said in a release Thursday.

The building will be four stories and 396 units. Among the amenities are fitness studios, saunas and concierge services. It is one of four projects Related is building in the area.

Miami firm Related Development gets $52 million loan for Tampa luxury apartments 08/10/17 [Last modified: Thursday, August 10, 2017 5:30pm]
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